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FIA Strictly Monitoring Digital Currency Business in Pakistan

The Federal Investigation Agency (FIA) is reportedly keeping tabs on a number of companies that have been suspected of illegally holding and trading digital currencies in Punjab.

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The agency has also taken notice of local players involved in conducting business with overseas Pakistanis as a means to evade taxes.


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During a preliminary inquiry conducted by the agency’s Cyber Crime Wing in Lahore, it was determined that most of the digital currency business had been carried out in Gujranwala, Faisalabad, Sargodha, Sialkot, Multan, Gujrat among other cities. Additionally, money laundering cases and other corrupt practices had reportedly also been observed in these areas.

Regarding digital currencies and their usage in the future, the Federal Minister for Science and Technology, Fawad Chaudhry, said in a statement that “suggestions have been sought from the SBP and other authorities concerned in this regard”.


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The FIA has continued to take extensive action against money launderers as per the requirements of the Financial Action Task Force (FATF).

Since the organization had ruled in favor of keeping Pakistan on the grey list, the FIA has increased efforts against unlawful practices. It has also recovered more than Rs. 10 billion from people involved in the jewelry business.

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    • Do you anything about crypto currency? Denial of anything without proper knowledge is a foolish thing.

    • Remind me that these are the same clowns who always complain about on why Pakistan isn’t moving forward

    • What does these old people know about crypto? Crypto is the future of the economy of our country. It is the great support of youth by crypto which can give them a better life in future.

    • Butt y countries like China, India America is going to start it, even mark zuker, amazone owner going to start it dn y Pakistani people remain behind from ds profit earning sources

  • I thought KPK provincial government has already legalized Cryptocurrency. Have they done so without Federal Government’s consent?

  • If a person is doing business in digital currency how we can say he is involve in money loundaring.

    • Simple sir,, these kind of people directly deposit there illegal money to some account then to wallets & buy cryptocurrency from these wallets,,
      Now where is the money,, pooof

  • Pakistan ne hamesha bheek mangi hai or hamesha bheek mangy ga khud kuch achaa nhi kary ga jahil FIA Dihati paindoo log

  • This article is little bit misleading. It does not mean crypto is illegal in Pakistan. Using cryptocurrency for tax evasion and money laundering is illegal. You can buy/sale crypto with no issues.

  • FIA must keep secret eye on digital currency trading because in west a lot of fraudulent activities robbed the people.I appreciate the effort

  • Fia ka dmgh kharab ha.
    You should learn fia.
    Crypto is Pakistan’s future.
    Kb tm logon se bheek mangte rho ge.
    Do something for your country future.

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